British Bookshops & Stationers has made 40 redundancies across the business as it prepares to launch a heavily discounted sale this weekend.
The retailer's administrator Zolfo Cooper said 25 positions have been made redundant in British Bookshops' head office and 15 in the warehouse. No redundancies have been made in stores.
A spokesman for Zolfo Cooper said the sale was not a final clearance sale. He said: "This process is not about ending the BB&S business, rather it is about realising existing stock with a view to making the business as attractive as possible to interested parties."
He added the administrator had received a number of expressions of interest for the retailer.
Simon Appell, Zolfo Cooper partner, added: "In order to protect the business and maintain its viability for potential buyers we’ve had to make this unfortunate and difficult decision.
"At this time, we would simply like to thank every member of staff for their professionalism, patience and dedication during what has been a difficult period."